The company, in an exchange filing on Tuesday, July 28, said the programme involves the development of a guidance kit that can convert the IAF’s existing inventory of 500 kg general-purpose unguided bombs into long-range precision glide weapons.
According to Apollo Micro Systems, the system is intended to give the IAF a standoff strike capability by enabling aircraft to release bombs from distances of more than 80 km while remaining outside the reach of many air defence systems.
The empanelment, however, does not constitute a commercial contract or firm order. The company said revenue would accrue only after the issuance of a Project Sanction Order and a subsequent procurement contract.
Existing bombs to be upgraded
The IPREK programme is being developed under the Make-II (Industry Funded) category of DAP 2020, under which companies fund the design and development of defence systems, with procurement subject to successful prototype development.
Apollo Micro Systems said the kit integrates India’s Navigation with Indian Constellation (NavIC) satellite navigation system along with Electro-Optical, Infrared and Digital Scene Matching Area Correlation guidance technologies for operations in Global Positioning System-denied environments. The company added that the initial procurement phase is expected to cover more than 500 units following successful trials.
Baddam Karunakar Reddy, Managing Director of Apollo Micro Systems, said, “The Indian Air Force’s selection of Apollo Micro Systems as a Development Agency for IPREK is one of the most defining moments in our company’s history.”
He said the programme brought together the company’s work in guidance systems, electro-optical seekers, NavIC navigation and airborne certification, adding, “We are not assembling imported kits. We are engineering a precision weapon from the ground up, on Indian soil, with Indian talent.”
Reddy also acknowledged the company’s collaboration with the Defence Research and Development Organisation (DRDO), saying knowledge shared over the years had contributed to the development of the programme.
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Separately, Apollo Micro Systems recently received a Make-II Prototype Sanction Order (PSO) from the Indian Navy to develop the Semi-submersible Autonomous Vessel for Intelligence, Reconnaissance, Surveillance, and Anti-Submarine Warfare (SAVIOR-ASW), according to a regulatory filing.
The order authorises the company to develop a prototype of an autonomous semi-submersible vessel designed for anti-submarine warfare and underwater surveillance. The platform will use onboard sensors to detect and analyse underwater threats and transmit information to command centres without personnel on board.
Following the latest development, shares of Apollo Micro Systems were trading at ₹381.50, down nearly 3%. The stock has gained over 38% so far in 2026 and more than 110% in the last 12 months.
